SOURCE: Wall Street News Alert

Wall Street News Alert

May 01, 2008 09:38 ET

Wall Street News Alert: Aggressive Stock Traders Alert: UDTT! May 1, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - May 1, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Universal Detection Technology (OTCBB: UDTT), Indigo-Energy, Inc. (OTCBB: IDGG), Ethos Environmental, Inc., (OTCBB: ETEV) and Intellect Neurosciences, Inc. (OTCBB: ILNS).

There is important news just issued by Universal Detection Technology (OTCBB: UDTT) that should have investors, once again, monitoring the stock closely. The company, a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, issued a press release yesterday after the markets closed announcing that it has completed the first Phase of the Department of Homeland Security's (DHS) SAFETY Act Application for the BSM-2000 airborne anthrax spore monitor.

Great news for UDTT, as the press release states that the SAFETY Act provides liability protection to help promote the creation, deployment and use of anti-terrorism technologies. The Support Anti-terrorism by Fostering Effective Technologies Act of 2002 (SAFETY Act) provides important legal liability protections for providers of Qualified Anti-Terrorism Technologies -- whether they are products or services. The goal of the SAFETY Act is to encourage the development and deployment of new and innovative anti-terrorism products and services by providing liability protections. The SAFETY Act provides incentives for the development and deployment of anti-terrorism technologies by creating a system of "risk management" and a system of "litigation management." The purpose of the Act is to ensure that the threat of liability does not deter potential manufacturers or sellers of anti-terrorism technologies from developing and commercializing technologies that could save lives.

"We are happy to announce the completion of the first phase of our application towards obtaining a SAFETY Act designation for the BSM-2000," said Mr. Jacques Tizabi, UDTT's Chief Executive Officer. "The process ensures that we continue our established dialogue with the Department of Homeland Security's SAFETY Act office towards obtaining this crucial designation for our technology," he added.

Investors are urged to watch the company! UDTT is a supplier of counter terrorism services and technologies to private and government organizations. According to the release, the Company owns the license to a patented technology developed at NASA's JPL and utilized in UDTT's BSM-2000 used for autonomous monitoring of the air for the presence of airborne bacterial spores such as anthrax. UDTT also supplies detection kits for detection of up to 5 bioterrorism agents. Among the Company's other products are radiation detection systems, educational material & training DVDs, and antimicrobial chemicals.

The stock closed Wednesday at under a Penny a share.

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

Indigo-Energy, Inc. (OTCBB: IDGG) up 20% on 2.5 million shares traded.

Indigo-Energy Inc. is an independent Nevada energy company, engaged in the drilling, development, production and acquisition of certain oil and gas reserves located in the Upper Devonian sand formations in Kentucky, Pennsylvania, and West Virginia.

Ethos Environmental, Inc., (OTCBB: ETEV) up 23.5% on 423,000 shares traded.

Ethos Environmental, Inc., a San Diego-based corporation, is the manufacturer of award-winning fuel reformulating products that help industries meet environmental regulations and relieve skyrocketing fuel costs. By using Ethos FR®, commercial vehicles can increase fuel mileage between 7 percent and 19 percent while reducing harmful emissions by more than 30 percent.

Intellect Neurosciences, Inc. (OTCBB: ILNS) up 20% on 528,000 shares traded.

Intellect Neurosciences, Inc. is a biopharmaceutical company engaged in the discovery and development of disease-modifying therapeutic agents for the treatment and prevention of Alzheimer's disease and other disorders.

Market Commentary:

"The economy grew at just a 0.6 percent pace during the first quarter as housing and credit problems forced people and businesses to tighten up on their spending. The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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